Florida Administrative Code
61 - DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
61H1 - Board of Accountancy
Chapter 61H1-20 - DEFINITIONS
Section 61H1-20.016 - Non-CPA Shareholders, Partners and Members
Universal Citation: FL Admin Code R 61H1-20.016
Current through Reg. 50, No. 187; September 24, 2024
(1) For purposes of Chapter 473, F.S., the terms non-CPA shareholders, partners, and members shall be deemed and construed to mean natural persons materially participating in the business conducted by the firm and when their participation ceases, their interest shall revert to the firm.
(2) Non-CPA shareholders, partners, and members shall not hold themselves out as certified public accountants.
Rulemaking Authority 473.304, 473.309 FS Law Implemented 473.309 FS.
New 2-5-98, Amended 9-21-10, 3-9-21.
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